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Affordable Housing Illusion in Columbus
Columbus is using a misleading regional income metric to label housing “affordable,” letting developers profit while local families get priced out. The city’s median income is $66K, but the regional figure is $109K—making rent seem cheaper than it is. Most of the $500M bond is funding rentals, which don’t build wealth like homeownership does. With down payment programs barely helping 69 families last year, the real solution is shifting focus to ownership—where most Americans build lasting wealth. And with developers likely getting the biggest slice, the mayor’s plan may favor profits over…
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